The possible collapse of U.S.-Iran peace talks and the stop-start flow of tankers through the Strait of Hormuz are a nightmare scenario for Gulf nations desperate to return to normal after a bruising multi-month conflict.What was meant to mark…
Eni Muara Bakau, a subsidiary of Eni-Petronas joint venture Searah, has extended a drilling job for Ventura Offshore’s SSV Catarina semi-submersible rig, operating offshore Indonesia.Eni Muara Bakau has exercised an option for a fourth well and a tophole in Indonesia for the the SSV Catarina…
Dolphin Drilling has secured a further extension for its deepwater-capable semi-submersible rig Blackford Dolphin with Oil India, keeping the rig on contract until at least August 28, 2026.The extension will allow completion of drilling, testing…
Oil prices gained more than 3% on Wednesday after Iran and the U.S. military traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again…
ADNOC and XRG have signed a strategic collaboration agreement with Mitsui to explore opportunities across liquefied natural gas (LNG), crude oil, sulfur, shipping and chemicals, as well as international energy investments through XRG.The agreement…
ADNOC has signed a 15-year sales and purchase agreement with Japan's INPEX for the supply of 1 million tonnes per annum of liquefied natural gas (LNG), primarily from the Ruwais LNG project in Abu Dhabi.The agreement brings long-term commitments for the 9…
Italian energy services group Saipem, through its Saipem Indonesia subsidiary and in a joint venture with PT Tripatra Engineers and Constructors, has won a contract for a floating production, storage and offloading (FPSO) unit for the Kutei North Hub development in Indonesia…
Oil rose on Tuesday as traders' nervousness about a lack of progress on peace talks between the United States and Iran offset any price impact of a slight recovery in shipping through the Strait of Hormuz.Brent crude futures LCOc1 gained $1…
Saudi Arabia is considering expanding the capacity of its crude oil pipeline to the western Red Sea coast, five sources close to the matter said, enabling the kingdom and possibly neighbours to transport more oil without crossing the Strait of Hormuz…
Israel has launched its fifth competitive process to search for more natural gas in the country's economic waters, Energy Minister Eli Cohen said on Monday, seeking to bolster domestic reserves while increasing exports.Israel's gas needs are served by a number of fields off its Mediterranean coast…
LS Marine Solution, a subsidiary of LS Cable & System, has started construction of a next-generation cable laying vessel (CLV) designed for long-distance high-voltage direct current (HVDC) and large-scale offshore wind grid projects.A steel…
ADNOC has launched a global liquefied natural gas (LNG) marketing and trading platform in Abu Dhabi Global Market, bringing together the LNG marketing activities of ADNOC Gas and XRG with ADNOC Trading’s trading capabilities.The integrated commercial…
ADNOC’s XRG has completed the acquisition of an additional equity interest in Trains 4 and 5 of the Rio Grande LNG project in Texas, increasing its participation across all five trains currently under construction at the liquefied natural gas (LNG) export facility…
TotalEnergies has agreed to sell its 85% interest in Malaysia's offshore Block 2E to Inpex for $350 million, divesting its net 8.5% interest in the Marjoram gas field as part of its portfolio management strategy.The Marjoram field is currently under development…
MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit.The forward hull section, built at Sumitomo…